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March 23, 2016

Greenwood-based Poynter Sheet Metal Inc. is planning a $4.2 million expansion of its headquarters to accommodate a new manufacturing unit that would hire 40 employees by 2021.

The new unit would occupy a $3.6 million, 54,000-square-foot addition to Poynter’s 100,000-square-foot headquarters and fabrication facility at 775 Commerce Parkway West Drive. The building is owned by Indiana Becknell Investors 2011 LLC, which would pay for the addition. Poynter anticipates buying $602,000 in equipment for the new operations.

The new business unit would produce prefabricated bathrooms for hospitals, hotels and mixed-use residential facilities. The 40 new employees would earn an average of $50,000 per year.

Poynter and Becknell have requested partial property tax breaks from Greenwood on their respective investments, which over the 10-year term of the proposed deal would save them a combined $595,000, according to their applications. They still would pay a combined $1 million in property taxes over the same period.

Construction of the project is expected to begin in July, with operations starting in June 2020.

Poynter employs about 350 people in Indiana, including 130 at its Greenwood fabrication facility. Its services include fabricating and installing ventilation and exhaust systems, dust collection and extraction systems, and paint and spray booths.

The Greenwood Redevelopment Commission adopted the tax abatements on April 9, but they still must be approved by the Greenwood Common Council. It will hear the abatements on first reading Monday night, with second and third readings set for following weeks.

Poynter is connected to several notable projects within the city, such as fabricating the city’s custom “G” bicycle racks and working with Indiana artist Jon Racek to create a 30-foot steel sculpture at the Greenwood Public Library.

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News Editor/Multimedia Producer

Mason is on his second tour of duty with IBJ, having served as its real estate reporter from 1996 to 1999. Over 30 years working for newspapers and magazines across the country, he has covered most beats on the typical masthead, including business, sports, city government, arts, and consumer issues.

An alumnus of Broad Ripple High School, Mason continues a grand tradition of IBJ staffers educated in Indianapolis public schools. After graduating from Columbia University, he stumbled into print journalism, thanks to a Eugene C. Pulliam Fellowship at The Indianapolis Star. Among his favorite gigs were arts editor for the Daily Journal-World in Lawrence, Kansas, and managing editor of Billiards Digest magazine, for which he spanned the globe covering poolroom hustlers and world champions. During his six-year tenure, BD was cited three times by the anthology "The Best American Sports Writing."

Thanks to its unusually trusting head honchos, Mason returned to IBJ in 2009 to captain its nascent multimedia efforts. Over three years, he created 600-plus video segments for IBJ.com, and his work was recognized by the Society of American Business Editors and Writers (SABEW) and the Alliance of Area Business Publications (AABP). In 2013, he added the mantle of news editor (which isn’t as lofty or authoritative as it sounds) and launched IBJ's morning e-newsletter, Eight@8, as its eponymous author and news curator. Eight@8 received the 2017 Gold Medal for Best Daily Email from AABP.

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